City Minneapolis Financial News

08.04 / 03:13

markets economy WhatsApp President Gold Prices Gold prices drop 1% as dollar, yields firm after upbeat US data

Treasury yields held firm after strong U.S. data heightened doubts on whether the Federal Reserve would deliver three interest rate cuts this year. FUNDAMENTALS * Spot gold was down 1.1% at $2,305.09 per ounce, as of 0109 GMT, after hitting a record high of $2,330.06 on Friday.

07.04 / 15:29

markets Digital CarMax Fastenal Neogen reports inflation data Wall Street week ahead: Investors eye inflation data, Fed minutes after strong March jobs report

ALSO READ: Federal Reserve Bank of Minneapolis Neel Kashkari hints at holding off rate cuts The inflation reading -- consumer price index (CPI) – for March and the minutes of Fed’s March FOMC (Federal Open Market Committee) meeting will be released on April 10 (Wednesday). The producer price index (PPI) data for March is slated to be released on April 11 (Thursday). April 12 (Friday) will see the release of import price index (IPI) data for March and a preliminary report on consumer sentiment for April.

06.04 / 05:45

markets UPS BTC Bitcoin news Bitcoin Bitcoin Price Prediction as BTC Spikes Up 2% – Time to Buy?

Bitcoin showcased a notable increase of over 2%, hitting $67,500, stirring discussions on whether it’s the right time to buy. Concurrently, Ethena Labs has strategically reinforced USDe’s foundation by integrating Bitcoin into its collateral pool, aiming to boost the synthetic dollar’s liquidity and market stability.

06.04 / 04:07

markets UPS MSCI show reports Department Rate Cut Hot US jobs report tempers Fed rate cut outlook

Stocks on Wall Street rallied and the dollar rose on Friday, as bond prices fell, after another blowout U.S. jobs report suggested the Federal Reserve may delay cutting interest rates while it awaits further inflation data. Gold prices hit record highs and the Mexican peso, which tends to benefit from strong U.S. consumer demand, appreciated the most since late 2015.

05.04 / 17:13

markets Progressive Remark President reports Department Fed Governor Bowman says additional rate hike could be needed if inflation stays high

Federal Reserve Governor Michelle Bowman said Friday that it's possible interest rates may have to move higher to control inflation, rather than the cuts her fellow officials have indicated are likely and that the market is expecting.

05.04 / 16:33

markets UPS DOW reports How major US stock indexes fared Thursday, 4/4/2024

U.S. stocks slumped after a Federal Reserve official raised the possibility of delivering none of the cuts to interest rates this year that Wall Street has been banking on, if inflation worsens

05.04 / 12:07

COST CEO Merit Action economy wellness CIBC Multiple interest rate cuts unlikely this year, CIBC CEO Victor Dodig says

Canadian Imperial Bank of Commerce chief executive Victor Dodig doesn’t expect a flurry of interest-rate cuts any time soon.

05.04 / 02:41

markets Strategy President War reports Wall Street sells off ahead of jobs report, investors digest Fed comments

Federal Reserve officials took a cautious approach in comments on the outlook for interest rate cuts, and investors braced for Friday's U.S. monthly jobs report. Investors also digested comments from U.S. President Joe Biden, who called for an immediate ceasefire in a call with Israel Prime Minister Benjamin Netanyahu over the Gaza war. Oil prices climbed amid the geopolitical tensions.

05.04 / 02:41

Strategy wellness Coherent President reports Dollar steady ahead of jobs data; yen hits two-week high

dollar held steady against peer currencies on Friday after rebounding from a two-week low, as traders braced for a key jobs report due later in the day and grew cautious over tensions in the Middle East. The yen, while still close to the 152 range, hit a two-week high against the greenback as safe-haven bids and fresh warnings from Japanese authorities buoyed the currency.

04.04 / 20:30

markets UPS DOW economy show reports Stock market today: Wall Street has its worst day in weeks, with more shakes possibly still to come

U.S. stocks slumped after a Federal Reserve official raised the possibility of delivering none of the cuts to interest rates this year that Wall Street has been banking on, if inflation worsens

28.03 / 21:57

markets Actor rock reports shock Videos Ex-Minnesota Gov. Jesse Ventura says he will sell cannabis edibles

Former Minnesota Gov. Jesse Ventura has announced he is entering the cannabis market as a seller

28.03 / 15:41

Universities Glen Taylor announces that Timberwolves are no longer for sale

The Minnesota Timberwolves will evidently remain in the control of owner Glen Taylor, after he announced Thursday that a deal where Marc Lore and Alex Rodriguez would have acquired the controlling stake in the team has expired

25.03 / 11:17

markets COST Digital show 2020 patient Investing in rental homes remains profitable but rent growth has slowed

Investing in residential real estate for the rental market remains profitable overall, but investors may have to be patient for growth in rents to increase.

18.03 / 10:23

Citi economy Food Bill country Department rights Things to know about Uber and Lyft saying they will halt ride-hailing services in Minneapolis

Lyft and Uber have said they will halt operations in Minneapolis because of a new city ordinance that increases wages for app-based drivers

16.03 / 03:43

COST Citi community Bill show reports Lyft and Uber say they will leave Minneapolis after city council forces them to pay drivers more

Lyft and Uber say they will cease operations in Minneapolis after the city’s council voted Thursday to override a mayoral veto and require ride-hailing services to increase driver wages to the equivalent of the local hourly minimum wage of $15.57

15.03 / 16:49

Citi Bill stage Department Investigations Uber, Lyft to stop operations in Minneapolis over minimum wage law

(Reuters) — Uber Technologies (NYSE:UBER) and Lyft (NASDAQ:LYFT) said on Friday they will stop operations in Minneapolis starting May 1 after the city's council paved the path for rideshare drivers to be paid a minimum wage.

14.03 / 17:41

UPS FIVE community President LPL grows network with 7 ex-Osaic advisors

LPL has scored seven with one blow against Osaic, as a handful of advisors switch over in Minnesota.

11.03 / 00:27

markets DOW NVIDIA wellness show reports US stock futures edge lower as focus turns to CPI data

Investing.com-- U.S. stock index futures fell in evening deals on Sunday, extending declines on Wall Street as the technology sector was walloped by profit-taking, with focus turning squarely to key upcoming inflation data.

09.03 / 14:15

markets Citi Remark President track Fed still likely to cut rates in June despite Kashkari's hawkish views - Citi

January's unexpectedly high core inflation altered market expectations, shifting from anticipating policy rate reductions as early as March to doubting any cuts will happen this year.

08.03 / 00:13

COST Citi Action Celebrity reports travelers Minneapolis Uber and Lyft drivers due for $15 an hour under council's plan but mayor vows a veto

The Minneapolis City Council has passed a measure that would increase wages for drivers of ride-hailing services to an equivalent of more than $15 an hour

07.03 / 10:13

markets UPS security Kroger Trade reports Futures lower, Powell testimony, NYCB's cash infusion - what's moving markets

Investing.com -- U.S. stock futures point to a negative start on Wall Street, as markets prepared for more testimony from Federal Reserve Chair Jerome Powell. Retailers Costco (NASDAQ:COST) and Kroger (NYSE:KR) are due to report their latest earnings, while shares in midsized lender NYCB end a rollercoaster trading session higher following a $1 billion cash infusion from a group of investors.

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